The Dung Quat Economic Zone (EZ) in the central province of Quang Ngai will intensify investment promotion in 2014-15, aiming to attract an additional 10-15 projects, with total registered capital of US$2 billion.
Pham Nhu So, vice chairman of the Quang Ngai provincial People’s Committee, who is also head of the management board of the EZ, says that the EZ will have licensed 125 projects worth US$10 billion by 2015 and another 40-50 projects capitalized at US$4-5 billion by 2020.
From 2011-2014, the management board has received more than VND781 billion from the state budget for infrastructure construction to attract investors.
In the reviewed period, it has granted investment licenses to 21 projects totaling over VND15,000 billion (roughly US$730 million), and Quang Ngai is one of the leading investment attractor in the central region.
So far, Dung Quat EZ has approved 113 projects with total registered investment capital of more than US$8 billion.
To lure more investment, the zone is advised to further improve its investment environment by upgrading infrastructure and timely addressing investor concerns.